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Downtown Urbana Two-Story Office Space
For Lease
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115 W Main St, Urbana, IL 61801

Exceptional 9,255 SF office space in Downtown Urbana.

Space Size9,255 SF
Days on Market156

Property Features for 115 W Main St

General Information

Standard status Active
Size 9,255 SF
Class C
Property subtype Office
Lease Type NNN

Building Details

Year Built 1871
Tenancy Single

Spaces For Lease

at 115 W Main St Contact us

Available Space

Size
9,255 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Guth & Associates
Listed By: Jill Guth · License #IL 471.020488
Source: Crexi
Added: Mar 9 Changed: Aug 8 Last Checked: Aug 10 at 12:34PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Guth & Associates

Investment Insights

Based on property information with market context.

Available for lease is a 9,255 square foot office space located on the 3rd and 4th floors of 115 W. Main Street in Downtown Urbana. This two-story space features an open floor plan connected by an internal open staircase. The layout includes private offices and open gathering areas, centered around a lounge with a south-facing window overlooking downtown. The property is situated in the revitalized Downtown Urbana corridor, benefiting from new restaurants, bars, and investment in the area, including Champaign County relocating offices downtown. It offers access to retail, dining, and the Champaign-Urbana community, including the University of Illinois. This location provides architectural character, functionality, and accessibility.

Key Highlights

  • 9,255 SF of office space on the 3rd and 4th floors in Downtown Urbana.
  • Rare two‑story open floor plan connected by an internal open staircase.
  • Located in the revitalized Downtown Urbana corridor with new restaurants and bars.

Property Analytics

Current Use

Applied Pavement Technology, ... Engineering Consultant Encanto Restaurant and Bar Restaurant

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Kitchen & Bath Showroom Plumbing Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,208
Businesses Nearby

Demographics for 61801, IL

27,658
Population
13,468
Households
2.1
Avg Household Size
26
Median Age
65%
College-Educated
98%
High-School Grad
5.4 sq mi
ZIP Area
5,122
Density / Sq Mi
$37,948
Median Household Income
$26,394
Median Earnings
$950
Median Rent
$184,000
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Exceptional 9,255 SF office space in Downtown Urbana.
Where is this office units located?
The property is located at 115 W Main St Urbana, IL.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: 9,255 SF of office space on the 3rd and 4th floors in Downtown Urbana.; Rare two‑story open floor plan connected by an internal open staircase.; Located in the revitalized Downtown Urbana corridor with new restaurants and bars.
(217) 355-2545 Call to check price and availability
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